PIIPolaris Inc.
The financials
Polaris Inc. by the numbers
Polaris Inc. (PII) reported revenue of $2.04B in Q3 2026 (quarter ended Sep 30, 2026), up 11% from the same quarter a year earlier. That came with a gross margin of 21% and net income of $38M (1.9% of revenue). For the full year FY2025, revenue was $7.15B (−0.3% year on year) with a net loss of $466M. Its largest segment in Q3 2026 was Polaris Powersports at $1.26B, 87% of the disclosed total, well ahead of Marine at 9.2%. The next results filing is expected around Jan 26, 2027, the same week as a year ago.
| Income statement | Q3 2026 | Q3 2025 | Change |
|---|---|---|---|
| Revenue | $2.04B | $1.84B | +11% |
| Gross profit | $432M | $380M | +14% |
| Operating income | $73M | $20M | +260% |
| Net income | $38M | −$16M | to a profit |
| Diluted EPS | $0.66 | −$0.28 | to a profit |
| Operating | Revenue | Share |
|---|---|---|
| Polaris Powersports | $1.26B | 87% |
| Marine | $133M | 9.2% |
| Aixam & Goupil | $59M | 4.1% |
Over its last three fiscal years Polaris Inc. booked income tax of 34.7% of its pretax profit, 171.6% once deferred tax is taken out, above the 21.3% median for US companies in our tax study.
Business segments
Revenue split by operating segment, from SEC XBRL filings.
- Polaris Powersports$1.26B$1.26Bvs last quarter +3.4%vs a year ago +18%+3.4%+18%
- Marine$133.3M$133.3Mvs last quarter -26%vs a year ago +29%-26%+29%
- Aixam & Goupil$59.1M$59.1Mvs last quarter -21%vs a year ago -14%-21%-14%
Recreational Vehicles
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